Loading ...1312 points since the bottom 5 years ago on the back of QE and ZIRP. A “hawkish” FED results in a sell-off of exactly ZERO points so far?
The CRB has collapsed and yields are globally toast. Manufacturing is in the dumps and disposable income sans banks has gone nowhere.
You jack rates because taxes are increasing?
Update: And all the volatility is in FX and the metals of course. S&P…no one cares.